Portland General Electric Company $POR Shares Purchased by Capital Fund Management S.A.

Key Points

• Capital Fund Management S.A. increased its stake in Portland General Electric by 178.5% in the first quarter, owning 84,505 shares valued at approximately $3.77 million after acquiring additional shares.
• The company announced a quarterly dividend of $0.525 per share, with an annualized yield of 4.9%, to be paid on October 15th.
• Portland General Electric reported Q2 earnings of $0.66 per share, exceeding estimates, with revenue of $807 million, up 6.5% year-over-year.

Capital Fund Management S.A. boosted its stake in Portland General Electric Company (NYSE:POR - Free Report) by 178.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 84,505 shares of the utilities provider's stock after buying an additional 54,160 shares during the quarter. Capital Fund Management S.A. owned approximately 0.08% of Portland General Electric worth $3,769,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. KBC Group NV increased its holdings in Portland General Electric by 29.3% in the 1st quarter. KBC Group NV now owns 4,717 shares of the utilities provider's stock worth $210,000 after acquiring an additional 1,068 shares during the last quarter. New York State Teachers Retirement System raised its holdings in shares of Portland General Electric by 17.5% during the 1st quarter. New York State Teachers Retirement System now owns 39,793 shares of the utilities provider's stock valued at $1,775,000 after buying an additional 5,927 shares in the last quarter. M&T Bank Corp raised its holdings in shares of Portland General Electric by 21.9% during the 1st quarter. M&T Bank Corp now owns 19,691 shares of the utilities provider's stock valued at $878,000 after buying an additional 3,538 shares in the last quarter. State of Alaska Department of Revenue increased its stake in Portland General Electric by 6.5% in the 1st quarter. State of Alaska Department of Revenue now owns 12,806 shares of the utilities provider's stock worth $571,000 after purchasing an additional 780 shares during the period. Finally, Vanguard Group Inc. increased its stake in Portland General Electric by 4.7% in the 1st quarter. Vanguard Group Inc. now owns 12,472,333 shares of the utilities provider's stock worth $556,266,000 after purchasing an additional 559,201 shares during the period.

Insider Buying and Selling at Portland General Electric

In other Portland General Electric news, Director Michael A. Lewis sold 1,937 shares of Portland General Electric stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $40.10, for a total value of $77,673.70. Following the sale, the director owned 13,509 shares of the company's stock, valued at approximately $541,710.90. The trade was a 12.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Joseph R. Trpik, Jr. sold 2,603 shares of Portland General Electric stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $41.35, for a total transaction of $107,634.05. Following the sale, the chief financial officer owned 27,089 shares of the company's stock, valued at approximately $1,120,130.15. The trade was a 8.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on POR. JPMorgan Chase & Co. reduced their target price on Portland General Electric from $46.00 to $45.00 and set a "neutral" rating on the stock in a research note on Monday, May 19th. BMO Capital Markets initiated coverage on Portland General Electric in a report on Tuesday, May 13th. They issued a "market perform" rating and a $46.00 target price on the stock. KeyCorp downgraded Portland General Electric from an "overweight" rating to a "sector weight" rating and set a $51.00 price target on the stock. in a report on Wednesday, May 14th. UBS Group raised Portland General Electric from a "neutral" rating to a "buy" rating and upped their price target for the company from $47.00 to $50.00 in a report on Monday, May 5th. Finally, Zacks Research raised Portland General Electric from a "strong sell" rating to a "hold" rating in a report on Monday, August 18th. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $45.40.

Portland General Electric Stock Down 1.0%

Shares of NYSE POR traded down $0.44 during mid-day trading on Thursday, hitting $42.61. The company had a trading volume of 508,121 shares, compared to its average volume of 1,174,026. The company has a market capitalization of $4.67 billion, a PE ratio of 15.71, a price-to-earnings-growth ratio of 3.87 and a beta of 0.55. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.97 and a quick ratio of 0.84. Portland General Electric Company has a 1-year low of $39.54 and a 1-year high of $49.85. The business's 50-day simple moving average is $41.37 and its 200 day simple moving average is $42.27.

Portland General Electric (NYSE:POR - Get Free Report) last posted its quarterly earnings results on Friday, July 25th. The utilities provider reported $0.66 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.01. Portland General Electric had a return on equity of 8.07% and a net margin of 8.43%.The company had revenue of $807.00 million for the quarter, compared to analysts' expectations of $797.97 million. During the same period last year, the firm earned $0.69 earnings per share. Portland General Electric's quarterly revenue was up 6.5% on a year-over-year basis. Portland General Electric has set its FY 2025 guidance at 3.130-3.330 EPS. On average, analysts predict that Portland General Electric Company will post 3.21 earnings per share for the current year.

Portland General Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Thursday, September 25th will be given a $0.525 dividend. The ex-dividend date is Thursday, September 25th. This represents a $2.10 annualized dividend and a yield of 4.9%. Portland General Electric's dividend payout ratio is 77.49%.

Portland General Electric Company Profile

Portland General Electric Company, an integrated electric utility company, engages in the generation, wholesale purchase, transmission, distribution, and retail sale of electricity in the state of Oregon. It operates six thermal plants, three wind farms, and seven hydroelectric facilities. As of December 31, 2023, the company owned an electric transmission system consisting of 1,254 circuit miles, including 287 circuit miles of 500 kilovolt line, 413 circuit miles of 230 kilovolt line, and 554 miles of 115 kilovolt line; and served 934 thousand retail customers in 51 cities.